Akzo Nobel India Limited — Others, 02-07-2025: Shareholders meeting

Akzo Nobel India Limited has delivered a strong performance in FY 2024-25, surpassing ₹4,000 Cr revenue mark with stable double-digit profitability for the sixth consecutive year. The company focused on growth in premium, adjacency, and project segments despite muted demand and competitive pressure in decorative paints. Its coatings business expanded with robust demand in naval ships, data centres, EVs, and beverage cans. Strategic investments totaled ₹1,065 million, including ₹1,050 million for powder coatings capacity expansion at Gwalior. The company is pursuing structural changes by transferring its Powder Coatings and International Research Center businesses to an indirectly wholly owned subsidiary, aiming to focus on liquid paints. Dividend payout was sustained at ₹100 per share. Key risks include tax litigations and competitive intensity, while ongoing initiatives emphasize sustainability with 70% raw materials sustainably sourced, 50% renewable energy use, and innovative green products. New independent directors Namrata Kaul and Anil Chaudhry joined the board, enhancing governance and strategic oversight. The company maintains robust controls and governance, with no significant regulatory penalties or litigation impacting operations. The 71st AGM will be held via video conferencing.